A $550,000 qualifying offer is required to retain the RFA rights of David Booth. A two-way qualifying offer is permitted since Booth has not met both the games played and waivers requirements. The qualifying offer is equal to 110% of the previous contracts final season base salary because the salary was $600,000 or less.
Reference Contract
SIGNING DATE:Jul. 20, 2006
LAST YEAR:2009
ANNUAL AVERAGE:$700,000
Salary Calculation
PREVIOUS SALARY:$675,000
SIGNING BONUS:$175,000
BASE SALARY:$500,000
MULTIPLICATION FACTOR:110%
QUALIFYING OFFER:$550,000
Type Determination
GP REQUIRED LAST SEASON:60
TOTAL GP LAST SEASON:72
GP REQUIRED PREVIOUS 3 SEASONS:180
TOTAL GP PREVIOUS 3 SEASONS:193
CLEARED WAIVERS LAST SEASON: Yes
QUALIFYING OFFER TYPE: Two-Way